• FOUNDING YEAR: 2010
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    18 Oct, 2019
    Phone:
    +1 917-573-7484

Description

FOCUS

PRODUCTS & SERVICES:
OpenFin is a HTML5 engine that enables desktop deployment of financial applications.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Major clients from banks & trading firms.
EXISTING PARTNERSHIPS:
Partnered with Gaint Machines to deliver application for capital markets. Capilin, Scott Logic, REDI Global Technologies, GreenKey, Trading Technologies International Inc. - To provide native desktop application functionality to the partners financial services firms clients.
COMMENT
Provide security and performance needs to run high-performance, multi-window HTML5 applications on financial desktops.

PEOPLE

FOUNDERS:
Chuck Doerr, Mazy Dar
Board Members and Advisors:
Sam Cole, Matt Harris, Paul Humphrey, Dinkar Jetley, Tom Miglis, David Temkin
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Tom Glocer, Cris Conde, Pivot Investment Partners, Nyca Partners, Bain Capital Ventures, J .P. Morgan, Euclid Opportunities, DRW Venture Capital
KEY EMPLOYEES:
Mazy Dar(CEO); Chuck Doerr (COO & President); Nicholas Kolba(CTO)

TRACTION

VALUATION / MARKET CAP:
$26.7 MM in 2015
COMMENT:
OpenFin technology powers applications licensed across over 100,000 desktops, including applications from 35 of the world's largest banks and trading platforms(Feb 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$25.01 Millions
DATE OF LAST FUNDING:
Feb 2017
SEED & PRIOR FUNDING:
$6.01 Millions
SEED CLOSED ON:
Apr 2015
SEED PRIOR FUNDING COMMENT:
Cumulative funding indicated
FUNDING SERIES:
SERIES A
$4 Millions Closed: Apr 2014
SERIES B
$15 Million Closed: Feb 2017
LISTED:
NO

LATEST RESEARCH